What Will Happen to Energy Transfer Equity LP (NYSE:ETE) Next? The Stock Has Decline in Shorts

January 18, 2018 - By Linda Rogers

 What Will Happen to Energy Transfer Equity LP (NYSE:ETE) Next? The Stock Has Decline in Shorts

Investors sentiment increased to 0.88 in 2017 Q3. Its up 0.02, from 0.86 in 2017Q2. It improved, as 25 investors sold Energy Transfer Equity, L.P. shares while 100 reduced holdings. 35 funds opened positions while 75 raised stakes. 527.77 million shares or 5.64% more from 499.59 million shares in 2017Q2 were reported.
Ftb owns 5,042 shares. Loudon Mgmt Lc reported 26,978 shares stake. Shamrock Asset Llc stated it has 0.04% in Energy Transfer Equity, L.P. (NYSE:ETE). Raymond James Serv holds 269,891 shares. Colorado-based Obermeyer Wood Counsel Lllp has invested 0.57% in Energy Transfer Equity, L.P. (NYSE:ETE). Deroy Devereaux Private Invest Counsel Inc has invested 0.05% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Arrowstreet Cap Ltd Partnership invested in 783,067 shares. Novare Mgmt Llc owns 172,004 shares. Duff Phelps Investment holds 774,932 shares. Steinberg Asset Mngmt has 0.04% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 17,100 shares. Bamco Inc Ny has 104,100 shares for 0.01% of their portfolio. Moreover, Cullen Frost Bankers has 0.04% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Wetherby Asset Mgmt Inc reported 14,400 shares. Delta Asset Ltd Company Tn, a Tennessee-based fund reported 1,800 shares. Berkshire Asset Mgmt Ltd Com Pa has invested 0.03% in Energy Transfer Equity, L.P. (NYSE:ETE).

The stock of Energy Transfer Equity LP (NYSE:ETE) registered a decrease of 1.27% in short interest. ETE’s total short interest was 50.99 million shares in January as published by FINRA. Its down 1.27% from 51.65M shares, reported previously. With 4.01 million shares average volume, it will take short sellers 13 days to cover their ETE’s short positions. The short interest to Energy Transfer Equity LP’s float is 6.68%.

The stock decreased 0.38% or $0.07 during the last trading session, reaching $18.21. About 7.86 million shares traded or 47.55% up from the average. Energy Transfer Equity, L.P. (NYSE:ETE) has risen 42.68% since January 18, 2017 and is uptrending. It has outperformed by 25.98% the S&P500.

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. The company has market cap of $19.69 billion. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines. It has a 22.15 P/E ratio. The firm sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

Energy Transfer Equity, L.P. (NYSE:ETE) Ratings Coverage

Among 15 analysts covering Energy Transfer Equity LP (NYSE:ETE), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Energy Transfer Equity LP has $24.0 highest and $7 lowest target. $20.60’s average target is 13.12% above currents $18.21 stock price. Energy Transfer Equity LP had 37 analyst reports since October 27, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by Bernstein given on Monday, January 9. As per Tuesday, August 15, the company rating was maintained by Stifel Nicolaus. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Overweight” rating by Morgan Stanley on Monday, August 15. Jefferies maintained the shares of ETE in report on Wednesday, June 8 with “Buy” rating. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Buy” rating by Goldman Sachs on Tuesday, October 17. The company was maintained on Thursday, July 27 by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, November 8 by Bernstein. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 16. As per Tuesday, March 22, the company rating was maintained by Jefferies. The rating was maintained by Credit Suisse on Tuesday, July 26 with “Outperform”.

More notable recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Seekingalpha.com which released: “Energy Transfer’s Near-Term Growth Catalysts” on January 16, 2018, also Marketwatch.com with their article: “USA Compression to buy compression business from Energy Transfer Partners in a …” published on January 16, 2018, Seekingalpha.com published: “Energy Transfer Decides To Keep Flawed IDRs” on December 26, 2017. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: Finance.Yahoo.com and their article: “Energy Transfer Partners Divests Compression Units for $1.8B” published on January 17, 2018 as well as Seekingalpha.com‘s news article titled: “Why We Created A Position In Energy Transfer Equity” with publication date: January 07, 2018.

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